Thinking out load what is the likelihood of FAR being taken out over the next 5 months as each of the following milestones are achieved ?
The longer this goes on over the next five months the more the likelihood of a TO.
- Now - (20% chance low ball offer hence the capper)
- PE parked in arbitration (25% chance low ball offer likely)
- Successful first well - (30% chance low ball offer likely)
- Successful 2nd well connectivity confirmed reserves upgraded - (50% chance reasonable offer)
- Official DOC declared development plan costed - (60% chance of a good offer)
- PE resolution in FAR's favour - (90% Huge chance of a high offer unless they have a backer !!!! )
Following this logic if FAR haven't got a backer there is a better chance of an immediate high return for all shareholders.
Food for thought !
AIMO
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